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Entrepreneur: Start & Grow Your Business

HealthSource Chiropractic and Progressive Rehab

Chiropractic, nutrition & weight-loss services

Background

Founded: 1998 Franchising since: 2006
4365 Liberty Ave., #200
Vermilion, Ohio 44089
Phone:
(440)967-5458


Franchisor is a privately-held company with 7 employee(s); 3 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 229 0 0 0
2008 195 0 0 0
2007 125 0 0 4
2006 50 0 0 4
2005 N/A N/A N/A --

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 65,000 population

Costs and Fees

Total investment: $50.95K-249.3K
Franchise fee: $29K/35K
Ongoing royalty fee: 7%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Business Experience:
  • Industry experience
  • General business experience

Operations
  • 5% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3
  • Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 days

Ongoing Support
  • Newsletter
  • Meetings
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Co-op advertising
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#109 (2009);

Ranked #1 in category in:
2009;

Fastest-Growing Franchises:
#32 (2009);

Top New Ranking:
#5 (2009);